TymeBank launches debit card that doubles as ZCC church membership card

By Levy Masiteng 

TymeBank, majority-owned by African Rainbow Capital (ARC) – the investment group founded by South African businessman Patrice Motsepe – has partnered with the Zion Christian Church (ZCC) to launch a branded debit card that also functions as a church membership card.

The Zion City Moria (ZCM) Membership Card was launched at a ceremony at Moria, in Limpopo, the spiritual home of the ZCC.

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ARC said the card will be recognised as a ZCC membership card and is linked to a fully KYC-compliant (Know Your Customer) bank account, with customers able to complete the FICA onboarding process at ZCM-branded portable kiosks in communities.

The bank says the process is paperless and takes about five minutes, and includes low transactional fees and interest on savings with no withdrawal notice period.